MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, August 10, 2011 Berkowitz, Miller Suffer an August Swoon Big-name mutual fund managers Bruce Berkowitz of Fairholme Capital Management and Bill Miller of Legg Mason have been victims of the gyrating market this month, the Wall Street Journal reports. Berkowitz's $13.4 billion Fairholme Fund [see profile] is reportedly down 18 percent in August through Monday, including a nearly nine percent drop on Monday. And Miller's Legg Mason Capital Management Opportunity Trust[see profile] was down 21.6 percent for the month through Monday and 35.9 percent for the year. Both managers have been burned by their big bets financial stocks. Printed from: MFWire.com/story.asp?s=37537 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |